Letter: Let’s understand debt versus deficit | PostIndependent.com
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Letter: Let’s understand debt versus deficit

I think that Mr. Grant is confusing two different numbers. Debt is the total amount owed by the federal government. Deficit is the difference between income and expense for a fiscal year. When the federal government has a deficit for a fiscal year the amount is added to the debt. I am not trying to defend or support our government’s fiscal policies, but I do think that understanding the numbers is helpful.

Ted Edmonds

Glenwood Springs


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